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American Express (AXP) Tops Q1 Revenue Estimates, Earnings Climb 38%
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American Express (AXP - Free Report) just released its first quarter financial results, posting earnings of $1.86 per share and revenues of $9.72 billion.
American Express is currently a Zacks Rank #3 (Hold). Shares of AXP are up 23.8% over the last year, but had sunk 4.2% in the last 12 weeks. American Express stock popped 1.4% to hit $95.17 per share on Wednesday prior to the release of its first quarter earnings results.
AXP stock is currently up 3% to $98 per share in after-hours trading shortly after its earnings report was released.
AXP:
Beat earnings estimates. The company posted earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.71 per share.
Beat revenue estimates. The company saw revenue figures of 9.72 billion, topping our consensus estimate of $9.21 billion.
American Express’s Q1 revenues jumped 12% from $8.7 billion in the year-ago period. The credit card giant pointed to higher card member spending, loans, and fee income as major reasons for its revenue surge.
AXP’s Q1 earnings climbed from $1.35 per share, while the company’s first quarter net income jumped 31% to $1.63 billion.
“Given what we are seeing so far, we expect revenues to be up at least 8 percent this year and EPS to be at the high end of the $6.90 to $7.30 range we set back in January,” CEO Stephen Squeri said in a statement.
Here’s a graph that looks at AXP’s Price, Consensus and EPS Surprise history:
American Express Company Price, Consensus and EPS Surprise
Check back later for our full analysis on AXP’s earnings report!
Can Hackers Put Money INTO Your Portfolio?
Earlier this year, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Image: Bigstock
American Express (AXP) Tops Q1 Revenue Estimates, Earnings Climb 38%
American Express (AXP - Free Report) just released its first quarter financial results, posting earnings of $1.86 per share and revenues of $9.72 billion.
American Express is currently a Zacks Rank #3 (Hold). Shares of AXP are up 23.8% over the last year, but had sunk 4.2% in the last 12 weeks. American Express stock popped 1.4% to hit $95.17 per share on Wednesday prior to the release of its first quarter earnings results.
AXP stock is currently up 3% to $98 per share in after-hours trading shortly after its earnings report was released.
AXP:
Beat earnings estimates. The company posted earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.71 per share.
Beat revenue estimates. The company saw revenue figures of 9.72 billion, topping our consensus estimate of $9.21 billion.
American Express’s Q1 revenues jumped 12% from $8.7 billion in the year-ago period. The credit card giant pointed to higher card member spending, loans, and fee income as major reasons for its revenue surge.
AXP’s Q1 earnings climbed from $1.35 per share, while the company’s first quarter net income jumped 31% to $1.63 billion.
“Given what we are seeing so far, we expect revenues to be up at least 8 percent this year and EPS to be at the high end of the $6.90 to $7.30 range we set back in January,” CEO Stephen Squeri said in a statement.
Here’s a graph that looks at AXP’s Price, Consensus and EPS Surprise history:
American Express Company Price, Consensus and EPS Surprise
American Express Company Price, Consensus and EPS Surprise | American Express Company Quote
Check back later for our full analysis on AXP’s earnings report!
Can Hackers Put Money INTO Your Portfolio?
Earlier this year, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>